best of luck. i would network in that area and go to as many meetups you can and learn the area well

Sometimes paying a premium on a home also guarantees a higher demand in the neighborhood and with that may come a higher demand for a rental as well.  

If you haven’t already, I’d scope out the municipalities around town.. from what I read in The Economist, the Phoenix metropo area continues to rank high for job growth, which usually bodes well for new builds.

It can work really well or really bad. 

Well, there are multiple moving pieces.

Without one, there is a small and remote chance that the existing system of insurance, mortgages and the US housing market as we've known it, is at systemic risk due to; over-financialization, risk aversion and regional fragmentation.

If you’re focused on long-term wealth and passive income, holding onto the property could work well.

Hi Beau, it sounds as though you guys are looking in a desired neighborhood as well. 

The fact that you have already owned and sold a rental property gives you a great experience to start from.In terms of the best place to invest - that is whatever place meets your criteria, goals and investing style.Personally flips have not been working as well for me lately, but when we get the right BRRRR deal those are still working well.

Feel free to message me if you have any specific questions as well.